Forex Daily Forecast, Analysis and Prediction

The EUR/USD pair had a rough day as we ended up falling low enough to touch the 1.08 handle, and more importantly fill the gap from the Monday open. The British pound initially tried to rally but broke down significantly below the 1.25 handle, which was a very bearish sign.

The USD/JPY pair initially fell during the day on Tuesday but found enough support off the 50% Fibonacci retracement level to turn things around and form a very strong candle. The Australian dollar had a wild session during the day, at one point in time breaking down significantly but finding enough support at the 61.8% Fibonacci retracement level to turn things around and bounce.

The EUR/USD pair gapped higher during the day on Monday, and reached all the way to the 1.09 handle.

Get the NZD/USD Forex signal for March 28, 2017 here.

Get the AUD/USD Forex signal for March 28, 2017 here.

Get the USD/JPY Forex signal for March 28, 2017 here.

Gold markets had a very interesting couple of months, as we have bounced off the $1150 level, fell significantly during the past month, but found enough support at the $1200 level to turn things around and form a hammer.

The Nikkei 225 has been very volatile over the last several months, consolidating between the ¥18,600 level and the ¥19,700 level.

The German index has been rather bullish over the last several months, as we have broken above the €12,000 level.

The GBP/USD pair has been the epicenter of quite a bit of volatility as of late.

The New Zealand dollar had a relatively rough couple of months, but we still find plenty of support near the 50% Fibonacci retracement level from the bounce.

Gold prices rose $6.45 on Monday, benefited from growing doubts over Trump’s economic plans.

Get the USD/CAD Forex signal for March 28, 2017 here.

Get the USD/CHF Forex signal for March 28, 2017 here.

Get the GBP/USD Forex signal for March 28, 2017 here.